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https://www.gate.com/announcements/article/45974
The SEC rejected the allegations of unregistered securities against Nova Labs, confirming that HNT and other tokens do not constitute securities.
According to Gate.io News bot, as reported by Wu, the development team behind the Helium project, Nova Labs, has received the latest decision from the SEC. The SEC dismissed the previous allegations against Nova Labs for selling unregistered securities. The SEC confirmed that the HNT, IOT, and MOBILE Tokens issued through the Helium network, as well as the compatible hotspot devices, do not constitute securities.